Venu Sports: Judge blocks plans for sports joint streaming venture among Fox, ESPN and Warner Brothers
Source: Associated Press
Judge blocks plans for sports joint streaming venture among Fox, ESPN and Warner Brothers
By JOE REEDY
Updated 6:51 PM EDT, August 16, 2024
The launch of Venu Sports will be delayed after a federal judge granted FuboTV’s motion for a preliminary injunction against the planned sports streaming venture by ESPN, Fox and Warner Bros. Discovery.
U.S. District Judge Margaret M. Garnett in the Southern District of New York said in her 69-page ruling that Fubo was likely to be successful in proving during a trial that the joint venture would violate antitrust laws, and Fubo and consumers would “face irreparable harm in the absence of an injunction.”
ESPN, Fox and Warner Bros. Discovery said they would appeal the ruling.
FuboTV filed the lawsuit two weeks after ESPN, Fox, Warner Bros. Discovery and Hulu announced their plan to offer a sports streaming service on Feb. 6.
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Read more: https://apnews.com/article/fubo-venu-lawsuit-9f273f7c807c2aef88733a5e6d03fcea